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Karnalyte Resources Inc T.KRN

Alternate Symbol(s):  KRLTF

Karnalyte Resources Inc. is a Canada-based development stage company. The Company is engaged in the exploration and development of its property and possible construction of a production facility and development of a potash mine. It is focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. The Company owns the construction ready Wynyard Potash Project, with planned phase I production of 625,000 tonnes per year (TPY) of high-grade granular potash, and two subsequent phases of 750,000 TPY each, taking total production up to 2.125 million TPY. The Company is also exploring the development of the Proteos Nitrogen Project, which is a proposed small scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day (MTPD) of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.


TSX:KRN - Post by User

Bullboard Posts
Post by crazytownon Sep 19, 2014 2:16pm
226 Views
Post# 22953054

RE:RE:Moving out and depleting the coffers

RE:RE:Moving out and depleting the coffers
If there is really something in the works and they advertised to hire a construction manager for a reason and intend to finance the project somehow, then the office is irrelevant in the big picture. If they are only going to sit around and wait for potash prices to rise, then let's be honest, they don't need an office anywhere, they don't need any employees etc. they just need a P.O. box. If your not doing anything shutter everything, collect interest on funds at hand of say a million dollars a year, which statement can come to your PO box which costs about 40 bucks a month. Oh and if it makes them feel better pay 50 bucks for a box in downtown calgary. Maybe open up a trading account and use the interest on funds to buy back some shares. Ha ha. Just my opinion.
Bullboard Posts